SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
May 23, 2005
INTREPID TECHNOLOGY & RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
IDAHO 00-27845 84-1304106
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
501 WEST BROADWAY, SUITE 200, IDAHO FALLS, IDAHO 83402
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (208) 529-5337
ITEM 5.02 (C). APPOINTMENT AND CHANGE IN PRINCIPAL OFFICERS
On May 22, 2006, the Board of Directors appointed Michael W. Parker as the new
Chairman of the Board, D. Lynn Smith as Vice Chairman, Dennis D. Keiser as Chief
Executive Officer, Jacob D. Dustin as President and Chief Operating Officer, and
Bradley J. Frazee, a non-director, as acting Secretary. These individuals
assumed the responsibilities of the offices indicated effective May 23, 2006.
Michael W. Parker, a shareholder since 2001, is a retired Air Force Lieutenant
Colonel and for the past five years and has been a self-employed entrepreneur
and investor. During his diverse 20-year career he worked in areas ranging form
aviation, engineering, special operations and program management. He is a
veteran of Operations Desert Shield, Desert Storm (Gulf War I) and Southern
watch. Since his retirement in 2000, he spends his time managing his numerous
business interests and traveling between his homes in Lake County, Montana and
Bay St. Louis, Mississippi. He has been a shareholder of the Company and an
enthusiastic and vocal advocate of Intrepid Technology and Resources, Inc.,
since the Company's inception. Mr. Parker has not been appointed to any of the
Company's committees and there are no related party transactions.
D. Lynn Smith, a director since 2002, and chairman of the audit committee has
over thirty years experience as a Certified Public Accountant and partner in
Galusha, Higgins & Galusha, P.C, of Idaho Falls, Idaho, a regional public
accounting firm. Experience includes audit, tax, individual and business
litigation support and individual and business planning with a special emphasis
on agriculture and agribusiness.
Dennis D. Keiser has served the Company as a director and was its president and
chief executive officer since 2002. In 2001, he was a founder of Western
Technology Management, which ultimately merged into the Company. Prior to that
he managed a Science and Technology Laboratory for the United States Department
of Energy, involved in energy and environmental research and development. He
has corporate Executive experience in science, engineering and business
management spanning three decades and has managed large technical and business
operations with Fortune 500 companies.
Jacob D. Dustin has served as a director, vice president, secretary and
treasurer of the Company since 2002. From 1999 to 2000 Bechtel Corporation at
the Idaho National Engineering and Environmental Laboratory employed him. From
1995 to 1999 he was an employed by Parsons, an architectural and engineering
firm. In 1995 he retired from the United States Air Force with the rank of
Colonel. He brings thirty years of experience in operational and engineering
leadership positions managing large, diverse groups of engineers, scientists and
technicians and programs with annual budgets in excess of $100M.
Bradley J. Frazee has served as the Company's Alternative Energy and Biofuels
Division Manager since 2002. He brings over 20 years of project and management
and operations experience with corporations such as Westinghouse, Lockheed
Martin, and Bechtel to the Company. Brad has been instrumental over his career
in bringing major chemical and nuclear systems through construction and into
production.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 23, 2006 INTREPID TECHNOLOGY & RESOURCES, INC.
By: /s/ Jacob D. Dustin
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Name: Jacob D. Dustin
Title: President and Director